Cities with the most expensive homes in the Montgomery metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $350,091 in September, 2.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%. Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Montgomery using data from Zillow. Charts show the monthly typical home value since January 2018.

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#21. Fort Deposit, AL

– Typical home value: $115,242
– 1-year price change: -3.8%
– 5-year price change: +30.8%

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#20. Jones, AL

– Typical home value: $134,115
– 1-year price change: -5.7%
– 5-year price change: +30.6%

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#19. Lapine, AL

– Typical home value: $137,762
– 1-year price change: -2.0%
– 5-year price change: +30.5%

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#18. Montgomery, AL

– Typical home value: $138,500
– 1-year price change: +3.2%
– 5-year price change: +47.7%

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#17. Letohatchee, AL

– Typical home value: $146,648
– 1-year price change: -3.7%
– 5-year price change: +22.4%

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#16. Grady, AL

– Typical home value: $146,942
– 1-year price change: -0.4%
– 5-year price change: +34.1%

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#15. Autaugaville, AL

– Typical home value: $155,643
– 1-year price change: -4.2%
– 5-year price change: +36.4%

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#14. Tallassee, AL

– Typical home value: $167,748
– 1-year price change: -3.5%
– 5-year price change: +36.0%

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#13. Ramer, AL

– Typical home value: $182,437
– 1-year price change: -1.1%
– 5-year price change: +26.9%

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#12. Millbrook, AL

– Typical home value: $197,931
– 1-year price change: +4.1%
– 5-year price change: +41.2%

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#11. Billingsley, AL

– Typical home value: $199,416
– 1-year price change: -1.8%
– 5-year price change: +38.4%

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#10. Marbury, AL

– Typical home value: $200,240
– 1-year price change: -3.0%
– 5-year price change: +39.4%

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#9. Coosada, AL

– Typical home value: $204,502
– 1-year price change: +1.1%
– 5-year price change: +33.6%

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#8. Elmore, AL

– Typical home value: $220,152
– 1-year price change: +3.8%
– 5-year price change: +41.4%

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#7. Prattville, AL

– Typical home value: $232,869
– 1-year price change: +2.9%
– 5-year price change: +38.9%

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#6. Hope Hull, AL

– Typical home value: $241,869
– 1-year price change: +0.5%
– 5-year price change: +34.6%

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#5. Wetumpka, AL

– Typical home value: $260,402
– 1-year price change: +4.4%
– 5-year price change: +42.9%

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#4. Deatsville, AL

– Typical home value: $272,752
– 1-year price change: +4.3%
– 5-year price change: +43.4%

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#3. Titus, AL

– Typical home value: $301,927
– 1-year price change: +1.6%
– 5-year price change: +40.9%

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#2. Eclectic, AL

– Typical home value: $367,508
– 1-year price change: +2.0%
– 5-year price change: +46.3%

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#1. Pike Road, AL

– Typical home value: $393,353
– 1-year price change: +1.9%
– 5-year price change: +31.3%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.